5 bedroom detached for sale

£1,375,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

Part of our Signature collection, this substantial 5 bedroom modern farmhouse occupies a delightful rural setting in the Colne Valley countryside, with premium equestrian facilities set in grounds of just over 4 acres.



The property has garaging for four cars and benefits from oil central heating, double glazed windows and generous room sizes over two floors.

The large entrance hall of Loveneys Farmhouse has terracotta flooring and double doors leading out to the rear garden, with an oak staircase ascending to the first floor. The ground floor predominantly benefits from oak flooring throughout, and the sitting room has a large central fireplace and dual aspect, with French doors allowing plenty of light. The family room has a bay window overlooking the front garden and a fireplace, with a square dining room which is currently used as a gym.

The kitchen/breakfast room makes the ideal living space with bi-fold doors out to the pool and entertainment area. The kitchen granite work surfaces with ample base and wall mounted units around a feature chimney breast with AGA. Built-in appliances include a corner larder fridge and dishwasher. Terracotta flooring flows through the dining area to a seating area with French doors out to the pool and a cast iron spiral staircase leading to the fifth/guest bedroom.

The study, or home office, is found at the side of the house and there is a connecting door to one of the double garages. Finally, on the ground floor is a utility/shower room with a wc, storage and sink, plus plumbing for a washing machine.

The first floor landing includes a large area in front of the principal bedroom where there are additional wardrobes and airing cupboard. The main bedroom is an excellent size with a triple aspect and ensuite facilities, with walk-in shower, vanity unit wash basin and wc. The second bedroom is an excellent size double, with built-in wardrobes and bedrooms three and four are both doubles with bespoke hand painted built-in wardrobes and chest of drawers. The bathroom features an oval bath, wash basin and wc. Bedroom five is accessed from the spiral staircase and is a super guest suite with dual aspect and ensuite shower room.

Outside
Loveneys Farmhouse is well screened from Middle Green with mature hedging and an electric gated entrance to a large shingle driveway. This leads down to the integral double garage 21 x 188 with two electric doors, power and light connected. At the end of the drive is a further weatherboarded double garage 198 x 194 with power and light connected. The rest of the front garden is laid to lawn with access through to the rear.

At the back of the house is an enclosed swimming pool with paved surround and covered entertainment area with lighting. There is a boiler house and gates lead to a further patio and onto lawns with a variety of shrubs which form the main garden.

At the side are a range of block and weatherboarded outbuildings, part of which has been adapted from stabling to leisure facilities. The indoor golf room 171 x 15 has power and light connected and artificial grass matting with driving range equipment available by separate negotiation. Next to this are two former stables that have been opened to create one large store area 236 x 114 with two windows and stable doors to side. There are two further stables 119 x 114 and 116 x 113 and a tack room 129 x 116.

At the front of the building is an overhang with lighting over a concrete yard with soft rubber pathway leading down to the floodlit man"ge 40m x 25m with silica sand/rubber top surface. Beyond the man"ge are two long fields enclosed with post and rail fencing. In total the whole plot extends to around 4.25 acres.


Location

Middle Green is in a peaceful rural location on the outskirts of Wakes Colne. The village of Chappel and Wakes Colne provides good local facilities with a primary school, church, popular public house/restaurant, post office and general store and also has a railway station and museum which provides hourly services from Sudbury to Marks Tey, where it picks up the mainline to London Liverpool Street. Despite the rural environment, there is quick straight forward access to the Tollgate area and A12 on the western outskirts of Colchester. The retail parks provide many national retailers with B&Q, M&S, Aldi and Sainsburys.

Colchester provides wider education and leisure facilities whilst the A12/A120 corridor gives road links to Stansted Airport, London bound to the M25 and out to the coast.

Directions

Use postcode CO6 2BJ with the house found towards the end of Middle Green by the junction with Inworth Lane.

Important Information

Services Mains water and electricity are connected to the property with oil tank supplied central heating and a private drainage system.
Council Tax band G
EPC rating D
Tenure Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1147075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 34375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 115825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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